In the last trading session, 1.4 million shares of the Solaredge Technologies Inc (NASDAQ:SEDG) were traded, and its beta was 1.50. Most recently the company’s share price was $70.98, and it changed around $1.29 or 1.85% from the last close, which brings the market valuation of the company to $4.06B. SEDG currently trades at a discount to its 52-week high of $322.19, offering almost -353.92% off that amount. The share price’s 52-week low was $60.44, which indicates that the current value has risen by an impressive 14.85% since then. We note from Solaredge Technologies Inc’s average daily trading volume that its 10-day average is 2.02 million shares, with the 3-month average coming to 2.56 million.

Solaredge Technologies Inc stock received a consensus recommendation rating of Hold, based on a mean score of 2.92. If we narrow it down even further, the data shows that 5 out of 34 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 22 recommended SEDG as a Hold, whereas 7 deemed it a Buy, and 0 rated it as Underweight. Solaredge Technologies Inc is expected to report earnings per share of -$1.54 for the current quarter.

Solaredge Technologies Inc (NASDAQ:SEDG) trade information

Instantly SEDG has showed a green trend with a performance of 1.85% at the end of last trading. The performance over the last five days has remained in the green territory. The company’s shares are currently down -24.17% year-to-date, but still up 6.37% over the last five days. On the other hand, Solaredge Technologies Inc (NASDAQ:SEDG) is 8.27% up in the 30-day period. We can see from the shorts that 7.75 million shares have been sold at a short interest cover period of 2.91 day(s).

The consensus price target as assigned by Wall Street analysts is $300.26, which translates to bulls needing to increase their stock price by 76.36% from its current value. Analyst projections state that SEDG is forecast to be at a low of $77 and a high of $490.

Solaredge Technologies Inc (SEDG) estimates and forecasts

Solaredge Technologies Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -44.55 percent over the past six months and at a -144.66% annual growth rate that is well below the industry average of 8.00%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -153.10% in revenue this quarter, and will report a decrease of -135.90% in the next quarter. The year-over-year growth rate is expected to be -48.50%, down from the previous year.

Consensus estimates provided by 23 financial analysts predict the company will bring in an average of $196.05 million in revenue for the current quarter. 23 analysts expect Solaredge Technologies Inc to make $314.67 million in revenue for the quarter ending Jun 2024. Analysts predict that the company’s current quarter sales will drop, forecast at -79.20%.

Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -25.90%. Solaredge Technologies Inc earnings are expected to increase by -137.73% in 2024, but the outlook is positive 2.83% per year for the next five years.

SEDG Dividends

Solaredge Technologies Inc’s next quarterly earnings report is expected to be released around May 01 and May 06.

Solaredge Technologies Inc (NASDAQ:SEDG)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 0.68% of Solaredge Technologies Inc shares, and 101.80% of them are in the hands of institutional investors. The stock currently has a share float of 102.50%. Solaredge Technologies Inc stock is held by 754 institutions, with Blackrock Inc. being the largest institutional investor. By Jun 29, 2023, it held 10.36% of the shares, which is about 5.86 million shares worth $1.58 billion.

Vanguard Group Inc, with 4.31% or 2.44 million shares worth $655.69 million as of Jun 29, 2023, holds the second largest percentage of outstanding shares.

Vanguard 500 Index Fund and iShares Global Clean Energy ETF were the top two Mutual Funds as of Jun 29, 2023. The former held 1.34 million shares worth $360.96 million, making up 2.37% of all outstanding shares. On the other hand, iShares Global Clean Energy ETF held roughly 1.06 million shares worth around $172.65 million, which represents about 1.88% of the total shares outstanding.